Chainlink’s New Compliance Tool Could Potentially Reduce Costs and Unlock Institutional Capital in Crypto Economy

Key Points

1. Chainlink's ACE introduces a scalable compliance framework designed to lower barriers for institutional participation in the crypto economy.

2. ACE reduces compliance costs by enabling automated and transparent compliance checks, addressing the high expenses reported by LexisNexis and Forrester Consulting.

3. Sergey Nazarov, Chainlink’s co-founder, highlights ACE’s potential to unlock over $100 trillion in institutional capital by making compliance more efficient.

4. ACE supports reusable digital identities and aligns with established standards like the vLEI, facilitating smoother integration with financial platforms.

5. Chainlink has partnered with entities such as Apex Group, GLEIF, and the ERC-3643 Association to develop ACE, emphasizing industry collaboration.